PayPal changes terms 1

Okay this is a message I just got from PayPal in my inbox.

PayPal recently posted a new Policy Update which includes changes to the PayPal User Agreement. The update to the User Agreement is effective November 1, 2012 and contains several changes, including changes that affect how claims you and PayPal have against each other are resolved. You will, with limited exception, be required to submit claims you have against PayPal to binding and final arbitration, unless you opt out of the Agreement to Arbitrate (Section 14.3) by December 1, 2012. Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis.

 

That is not completely all of it I spared you some of the dull content.

I will say that this worries me. I have never had a problem with PayPal ever. I however have hear of some people that have had issues. This worries me a little since this statement they are making is clearly an attempt to try and limit you the customers ability to effectively sue them and win a case. They want to make sure they are the only ones with high prices lawyers clearly. At least that is what I infer when I see someone making statements that they are trying to make it against your right to seek class action status.

  • Unfortunately, this is legal, thanks to a 2011 Supreme Court ruling, decided 5-4, that says companies are allowed to push consumers with complaints out of court and isolate them in corporate-friendly arbitration.

    That’s why we’ve started a crowdcasing (crowdsourcing with legal claims) site, http://www.ConsumersCount.org, to fight back and start a movement to restore our Seventh Amendment right to trial by jury. Check it out.

    What’s worse, PayPal is not alone in curtailing consumer rights, as they join corporate owner eBay, AT&T, T-Mobile, American Express, DirecTV, Comcast, Nissan, Sony and dozens more companies who have inserted these arbitration clauses into their user agreements in the 18 months since the court decision.